Legal services priced at $10,000 in 2003 $17,998.01 in 2022

Legal Services Inflation Calculator

$

Prices for Legal Services, 2003-2022 ($10,000)

According to the U.S. Bureau of Labor Statistics, prices for legal services are 79.98% higher in 2022 versus 2003 (a $7,998.01 difference in value).

Between 2003 and 2022: Legal services experienced an average inflation rate of 3.14% per year. This rate of change indicates significant inflation. In other words, legal services costing $10,000 in the year 2003 would cost $17,998.01 in 2022 for an equivalent purchase. Compared to the overall inflation rate of 2.47% during this same period, inflation for legal services was higher.

In the year 2003: Pricing changed by 5.05%, which is above the average yearly change for legal services during the 2003-2022 time period. Compared to inflation for all items in 2003 (2.27%), inflation for legal services was higher.

Price Inflation for Legal services since 1986

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1990 (7.40%), 2022 (6.58%), and 1989 (5.99%).

View price changes for other categories
Fish and seafood · Dallas-Fort Worth, Texas · Bread · Wine at home · More

Buying power of $10,000.00 since 2003

Below are calculations of equivalent buying power for Legal services, over time, for $10,000 beginning in 2003. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
2003$10,000.005.05%
2004$10,476.034.76%
2005$10,904.174.09%
2006$11,276.463.41%
2007$11,739.484.11%
2008$12,210.944.02%
2009$12,545.622.74%
2010$12,995.943.59%
2011$13,415.293.23%
2012$13,687.602.03%
2013$14,064.332.75%
2014$14,365.422.14%
2015$14,593.891.59%
2016$15,086.453.38%
2017$15,623.793.56%
2018$16,293.724.29%
2019$16,452.010.97%
2020$16,630.971.09%
2021$16,886.241.53%
2022$17,998.016.58%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Legal services:

Year1986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022
CPI100.000103.438107.662114.115122.562129.577136.215141.954146.762151.631157.085163.823171.669179.977189.338199.469211.054221.708232.262241.754250.008260.273270.726278.146288.130297.427303.465311.817318.492323.558334.478346.391361.244364.754368.721374.381399.030

Adjust legal services prices for inflation

Start with the inflation rate formula:

CPI in 2022 / CPI in 2003 * 2003 USD value = 2022 USD value

Then plug in historical CPI values from above. The CPI for Legal services was 221.708 in the year 2003 and 399.030 in 2022:

399.030 / 221.708 * $10,000 = $17,998.01

Therefore, according to U.S. Bureau of Labor Statistics, $10,000 in 2003 has the same "purchasing power" as $17,998.01 in 2022 (in the CPI category of Legal services).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Legal services in 1986. In addition to legal services, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

» Read more about inflation and investment.